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FedMart was a chain of discount department stores started by Sol Price, who later founded Price Club.Originally a discount department store open to government employees paying a $2 per family membership fee, FedMart earned four times more than its investors had projected in its first year.
Following the G.E.M. discount model, Koffler later opened one of the first "big box" store chains, Shoppers Drug Mart. [1] [failed verification] The first G.E.M. (Government Employees Mutual) store was opened in June 1956 in Denver by Ronald D. Evans, the former general manager of the G.E.T. (Government Employees Together) store in San ...
Executive Order 10988 is a United States presidential executive order issued by President John F. Kennedy on January 17, 1962 that granted federal employees the right to collective bargaining. This executive order was a breakthrough for public sector workers, who were not protected under the 1935 Wagner Act .
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
The United States federal civil service is the civilian workforce (i.e., non-elected and non-military public sector employees) of the United States federal government's departments and agencies. The federal civil service was established in 1871 ( 5 U.S.C. § 2101 ). [ 1 ]
A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...
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